World Liberty Financial (WLFI) Token Launch Recap: Slow Start Towards $300M Goal
- World Liberty Financial had sold just 3.75% of the tokens allocated to the WLFI sale at the time of writing.
- There are currently less than 10,000 WLFI holders.
- WLFI tokens will be untransferrable for the next 12 months.
The Donald Trump-backed World Liberty Financial launch is officially underway with the WLFI token sale. But it’s not entirely living up to expectations.
WLFI Token Sale
According to the World Liberty Financial website, just 754.57 million tokens have been sold. At a price of $0.015 per WLFI, the project has raised roughly $11.33 million.
This leaves 19.44 billion of the allocated sale WLFI tokens to go. If the project hopes to hit its lofty $300 million goal, it must sell all 20 billion tokens allocated to this public sale.
Roughly 344 million WLFI tokens were sold in the first hour, followed by a brief website outage. A WLFI advisor reportedly attributed this to excessive traffic, claiming the site received 72 million unique visits in that first hour.
Furthermore, the team claimed before the launch that over 100,000 accredited investors were whitelisted for the sale. Contrary to this, Etherscan data shows just 8,454 WLFI holders at the time of writing.
This number will surely rise over the coming days, though so far, this has been a considerably tepid token launch, considering the hype and figureheads surrounding the project.
Skepticism
Very little is known about the project. It has simply touted itself as a decentralized finance (DeFi) platform focused on stablecoin payments, borrowing and lending services, and liquidity pools.
What is known about the project is that it will leverage Aave V3 for additional token functionality and that the WLFI token will be untransferrable for its first year of trading.
WLFI is a governance token. Meaning that users can submit, review, and vote on future proposals. Presumably, this lockup period will serve as a formative time for WLF to receive and act upon community proposals.
If it plans to build out from there, it’s an interesting angle to take, but this may impact the token’s sale potential.
Even with Trump backing the project, the distinct lack of information surrounding the project fails to inspire confidence in would-be investors or users.
